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130th MAINE LEGISLATURE |
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LD 1462 |
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LR 1414(02) |
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An Act To Serve
the Public Interest, Promote Journalism and Save Jobs by Restoring the Sales
and Use Tax Exemption for Newspapers |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Taxation |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Net Cost
(Savings) |
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General Fund |
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$1,677,156 |
$3,436,125 |
$3,458,000 |
$3,529,250 |
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| Revenue |
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General Fund |
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($1,677,156) |
($3,436,125) |
($3,458,000) |
($3,529,250) |
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Other Special Revenue Funds |
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($65,344) |
($133,875) |
($182,000) |
($185,750) |
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| Fiscal Detail
and Notes |
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This bill creates
a sales tax exemption for certain publications and will reduce General Fund
revenue by $1,677,156 in fiscal year 2021-22 and $3,436,125 in fiscal year
2022-23. It will also reduce Local
Government Fund revenue by $65,344 in fiscal year 2021-22 and $133,875 in
fiscal year 2022-23. |
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